There wasn't too much excitement in Nvidia today which only managed to move up 0.25% on the day. It looks like NVDA may be interacting with an upward sloping support line. These can create nice entry points since it can have both momentum and support. The Semiconductors company has been chopping around the last few months without a clear directional momentum. So it might bounce off here, but hard to say.
If the price bounces off of the support and moves up it'll probably head up to the $114.75 level, at which point it may hit some selling pressure. If it punches through this support level, it can easily push down to $90.616 where it may meet further support, hopefully it can consolidate around that point.
The analysts feel fairly neutral on the prospects for Nvidia but a little more positive than negative. The current Analysts Sentiment Score is 10.48. Most companies range between (-200 to 200).
Here's a break down of the latest rating changes. TD Cowen gave a boost to their price target and moved to $900.00 from $700.00 on 2024-02-22. On 2024-02-22 UBS Group lowered their price target by -5.88% to $800.00. Truist Financial decided to move up their price target on 2024-02-22 to $911.00 which is a 31.84% increase. Benchmark provided a price target boost of 60% to $1000.00 from $625.00 on 2024-02-22. Wolfe Research gave a boost to their price target and moved to $900.00 from $630.00 on 2024-02-22. On 2024-02-22 Citigroup increased their price target by 42.61% to $820.00. Mizuho gave a boost to their price target and moved to $850.00 from $825.00 on 2024-02-22. Bank of America gave a boost to their price target and moved to $925.00 from $800.00 on 2024-02-22. Sanford C. Bernstein boosted their price targ by 42.86% to $1000.00 on 2024-02-22. On 2024-02-22 Stifel Nicolaus increased their price target by 5.2% to $910.00.
| Company | Ratings Score
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Composite analyst sentiment score
|
Positive Ratings | Negative Ratings | Boost Price Target | Lower Price Target |
|---|---|---|---|---|---|
| NVDA | 10.48 | 3.66 | -0.45 | 18.19 | -0.45 |
| Company | YOY Growth Score (typical -20 to +20) | Revision Directions (-6 to +6) |
|---|---|---|
| NVDA | 0.00 | 0.00 |
We take into account several different measures of short interest to create a composite score. These measures are shown in the chart below. Short selling is when investors are betting against a stock. We compile these factors to create a dynamic Short Score - this can indicate poor sentiment, internal problems with a company or industry and the anticipation of future price declines. We look at the short interest percent, days to cover, the rate of change and total shares sold short.
| Company | Short Score (typical 1-15)
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We take into account several different measures and attributes of short interest to create a composite sentiment score. typical range (0 - 30)
|
Short Interest | Days to Cover | Rate of Change | Shares Short |
|---|---|---|---|---|---|
| NVDA | 0.76 | %1.05628 | 0.5 | -1.98 | 26090000 |
| Segment | Count | 1 Day% | 5 Day | 1 Month | 3 Month | 6 Month | 1 Year | RSI | 3mo S-momo ? | 6mo S-momo | 1yr S-momo | Resistance ? | Support | Demark Sell ? | Demark Buy | Short Interest | Analysts Ratings ? |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Semiconductors | 58 | 1.34 | -3.23 | -5.94 | -22.48 | -17.71 | -23.29 | 34.55 | -41.67 | -37.79 | -31.80 | -29198.77 | -1624.41 | 6.47 | 0.00 | 4.97 | 1.73 |
| Technology | 278 | 1.29 | -1.94 | -2.97 | -12.98 | -4.92 | -0.15 | 42.99 | -11.25 | -8.55 | -3.83 | -18184.66 | -7194.25 | 19.06 | 0.99 | 4.45 | 1.36 |
Social Sentiment is an aggregation of several different factors such as news, articles, blogs, user content, ratings, etc. Which is shown in the chart below. It may become predictive of a reversal if price and the sentiment diverge. Broader market forces may push prices up or down but if market participants maintain a different view on a specific stock, it may be taken as an opportunity to buy or sell in those cases.
| Ticker | Social Sentiment(1-10) |
|---|---|
| NVDA |
| Company | Score | 1 Day% | 5 Day | 1 Month | 3 Month | 6 Month | 1 Year | RSI | 3mo S-momo ? | 6mo S-momo | 1yr S-momo | Resistance ? | Support | Demark Sell ? | Demark Buy | Short Interest Score |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| AMD | Advanced Micro Devices | 1.76 | 0.18 | -3.46 | 4.16 | -20.52 | -35.55 | -42.38 | 49 | -118.42 | -63.06 | -81.68 | -24066.27 | -799.29 | 125 | 0 | 1.36092 |
| LSCC | Lattice Semiconductor Cor | 1.4 | -3.21 | -13.41 | -16.01 | -10.56 | -0.18 | -31.26 | 32 | 0.35 | 1.07 | 4.82 | -2594.55 | -314.86 | 0 | 0 | 7.46881 |
| ASML | ASML Holding NV | 1.4 | 0.25 | -3.13 | -6.41 | -12.95 | -18.65 | -30.80 | 27 | -11.36 | -19.67 | -22.52 | -26829.35 | -1244.55 | 0 | 0 | 0.982086 |
| MPWR | Monolithic Power Systems, | 1.37 | 1.58 | -1.79 | 4.41 | -6.41 | -33.77 | -8.99 | 42 | -32.51 | -23.21 | -25.04 | -15470.20 | -164.87 | 0 | 0 | 2.54012 |
| MCHP | Microchip Technology Inc | 1.32 | 0.89 | -3.66 | -16.01 | -16.06 | -36.86 | -44.39 | 32 | -77.97 | -101.98 | -114.25 | -40002.02 | 0.00 | 0 | 0 | 3.57319 |
| DIOD | Diodes Inc | 1.31 | 0.95 | -5.93 | -12.76 | -33.85 | -30.73 | -36.52 | 38 | -93.80 | -56.25 | -57.80 | -41928.39 | 0.00 | 0 | 0 | 3.13254 |
| SMTC | Semtech Corp | 1.27 | 5.05 | -0.89 | 13.27 | -45.74 | -12.98 | 29.90 | 35 | -10.69 | -10.27 | -19.70 | -12657.57 | -7461.98 | 0 | 0 | 12.5478 |
| GOOGL | Alphabet Inc. Class A Com | 1.27 | -0.02 | -3.21 | -8.88 | -20.23 | -5.96 | 1.60 | 40 | -5.61 | -4.12 | -3.18 | -8660.34 | -243.44 | 0 | 0 | 9.24319 |
How to use: use the research links to research the asset. Then simply type in a score for each category between (01, 02, 03, 04, 05). 05 being the most bullish and 01 being the most bearish. It will automatically calculate the average and combine it with the technical score to create an overall score to rank prospects by. You can also type notes into each field.
